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Articles • Brazil. J. Polit. Econ. 14 (4) • Oct-Dec 1994 • https://doi.org/10.1590/0101-31571994-0810   copy

The Latin-American monetary system after the end of inflation* * I am grateful to Maria Celina Arraes, Paulo Neuhaus, Jacques Trigo and to the staff of the IDB’s Country Economics Division for the data on the current pro file of Latin-American and Caribbean central banks, and to Daniel Robinson for helpful comments.

O sistema monetário latino-americano depois do fim da inflação

Authorship SCIMAGO INSTITUTIONS RANKINGS

ABSTRACT

This paper discusses three interdependent topics. The first is that the economic reforms implemented in Latin America after the mid-1980s were not sufficient to ensure exchange rate stability in the region. The second is that there are favorable conditions to start the process of macroeconomic convergence between Latin American countries. The third topic refers to the strategic role to be played by Argentina, Brazil, Canada, and Mexico as reducing the degree of asymmetry generated by the presence of the American economy.

KEYWORDS:
Economic growth; Exchange rate regime; central bank

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